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Bonds u/s 54ec

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(Querist)
11 January 2019 Dear exeprts,
as NHAI/REC Bonds limit is maximum 50 lacs in a year within 6 months from the date of sale.
Property is sold in jan 18.
My query is can i invest 50 lacs till march and then 50 lacs upto july, as financial year change?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
11 January 2019 you can invest upto July.
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HKB Associates

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HKB Associates (Querist)
11 January 2019 by this i can avail 1 cr bond for exeption or not?



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Nikhil Kaushik

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Nikhil Kaushik (Expert)
12 January 2019 believe the act is very clear that the maximum limit for exemption is 50 lacs. I hope you are looking at the act too.

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